SMM Steel, September 30 – According to SMM statistics, the estimated total shipments in mainstream markets this week were 185,700 mt, down 21.88% WoW. By market:
Table 1: Comparison of Arrivals in Mainstream Markets
Data source: SMM Steel
Shanghai market: Shipments in Shanghai increased slightly WoW. Specifically, shipments from Northeast and North China decreased, while shipments from South China rose WoW. Looking ahead, recent weakness in hot-rolled coil prices has made merchants cautious in placing orders. Shipments of contract resources remained normal, and arrivals of hot-rolled coils are expected to fluctuate within a relatively small range WoW next week.
Chart 1: Arrivals in Shanghai Market
Data source: SMM Steel
Lecong market: Shipments to Lecong decreased significantly WoW. Specifically, arrivals from North China remained stable WoW, while local mainstream resources saw a notable decline, mainly due to typhoon impacts delaying the unloading of some vessels. Going forward, previously accumulated cargoes are expected to be unloaded gradually, and coupled with the holiday effect, arrivals in Lecong are projected to increase WoW.
Chart 2: Arrivals in Lecong Market
Data source: SMM Steel
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